Mongolia vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Mongolia ranked 134th with $13.1B. By GDP 5-years average growth and GDP per capita, Spain and Mongolia ranked 104th vs 39th and 34th vs 118th, respectively.

Gross Domestic Product & Income

StatMongoliaSpain
GDP$13.1B$1.4T
GDP growth, 1 year6.9%2.5%
GDP growth, 5-years average4.7%2.7%
Population3.1M46.7M
GDP per capita$4.1k$30k
GDP per capita growth5.32%2.07%
Purchasing Power Parity conversion factor738.480.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.76
GDP per capita, PPP adjusted$13k$40k
GNI, Atlas method$11.6B$1.4T
GNI per capita$3.7k$29k
GNI, PPP adjusted$39.6B$1.9T
GNI per capita, PPP adjusted$13k$40k

Financial system and Human development

StatMongoliaSpain
Income Tax Rate10%45%
Corporate Tax Rate25%25%
Inflation, consumer prices7.7%1.7%
Inflation, GDP deflator8.1%1.1%
Unemployment6.3%15.5%
Economic Freedom Index55.966.9
Personal Freedom Index7.638.95
Human Freedom Index7.178.22
Property Rights Index50.374.9
Judical Effectiveness Index2351.8
Business Freedom Index63.666.8
Fiscal Health Index9.362.6
Labor Freedom Index75.757.7
Investment Freedom Index5085
Financial Freedom Index6070
Trade Freedom Index7486.4
Monetary Freedom Index74.282
Government Spending Index66.648.3
Tax Burden Index87.462.1
Government Integrity Index36.955.1
Corruption Perceptions Index3758
Life expectancy at birth, years69.583.3
Suicide mortality rate, per 100,000 people138.7
Mortality caused by road traffic injury, per 100,000 people16.54.1
Intentional homicides, per 100,000 people6.20.7
International tourism, number of arrivals529k82.8M

Government debt & reserves

StatMongoliaSpain
Central government debt, % of GDP73.3%97%
External debt stocks, % of GNI253.9%N/A
External debt stocks$29.4BN/A
Short-term debt, % of total reserves87.3%N/A
Total debt service, % of exports and primary income101.6%N/A
Adjusted net savings including particulate emission damage, % of GNI-10.3%9.1%
Gross savings, % of GDP30.3%22.3%
Gross capital formation, % of GDP43.1%20.4%
Total reserves including gold$3.5B$70.6B
Foreign direct investment net inflows$2B$49.1B

Exports, imports and economic structure

StatMongoliaSpain
Exports of goods and services, % of GDP58.7%35.1%
Imports of goods and services, % of GDP64.2%32.4%
Current account balance (balance of payments)-$1.9B$27.3B
Revenue excluding grants, % of GDP24.9%15.7%
Grants excluding technical cooperation, BoP$115.6MN/A
Personal remittances received$440.6M$3.4B
Industry including construction value added, % of GDP38.7%20%
Agriculture, forestry and fishing value added, % of GDP10.8%2.8%
Charges for the use of intellectual property, payments BoP$16.1M$6.6B
Charges for the use of intellectual property, receipts BoP$1.4M$2.5B
Expense, % of GDP23.8%18.8%
Government Expenditure, % of GDP33.4%41.5%

Compare with countries close by GDP per capita

Mongolia vs

CountryGDP
per capita
Population
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k

Spain vs

CountryGDP
per capita
Population
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M